Galileo Technologies will supply Egypt with 500 CNG dispensers and 200 Microbox Core™ MX200 compressor packages. These will equip the service stations of NGVC and GASTEC, two partially state-owned NGV companies.
Taager, an Egyptian social e-commerce startup, has raised a US$6.4 million seed funding round to help it scale its platform and expand across the Middle East.
Dana Gas, the Middle East’s regional private sector natural gas company, announced its H1 2021 collections from the Kurdistan Region of Iraq (KRI), and Egypt, have increased 106% year-on-year to $185 million.
Orange Egypt has teamed up with Amazon to offer Orange pre-paid and post-paid customers 6 months of Amazon Prime Video, courtesy of Orange.
ENOC Misr, a joint venture between Proserv. Egypt Group and the UAE’s Emirates National Oil Company (ENOC), has signed an agreement with Misr Petroleum to blend and fill lubricants locally at Misr Petroleum’s state-of-the-art plant.
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.
Eni announced it has signed an agreement with the Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of projects for the production of hydrogen.
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
Under the MoU both parties will co-operate in exploring the possibility of supporting the introduction of ICD’s programs to FEI member enterprises in Egypt.
Orange Egypt has entered into an agreement with the National Bank of Egypt (NBE), in preparation to manage its Orange Cash services that is aimed at boosting Orange customers experience and ensuring customers’ access to the best secured and innovative services.
The new alliance between Schneider Electric and HPE is aimed to launch a package of products specially tailored to suit the needs of edge computing users across many sectors, including telecom service providers, banking and retail.
SDX Energy, the MENA-focused energy company, announced the commencement of the South Disouq drilling campaign, which will comprise two wells over the next few months.
Endeavor, the global community of high-impact entrepreneurs, has announced it has appointed Heba Ali as its new Managing Director of Egypt.
The online platform will deliver seamless shopping experiences to online shoppers while offering them multiple payment options.
Dedicated to supporting the country’s high industrial demand, the new learning centre for system integrators and OEM will enable the full capabilities of Rockwell Automation for its customers and partners in Egypt.
In line with the Global Reporting Standards, Attijariwafa bank Egypt issued its first sustainability report covering the period from 2019 to 2020.
ITIDA awards licenses to Fixed Misr and El-Delta Electronic Systems to fast-track digital signature adoption across Egypt
Egypt’s Information Technology Industry Development Agency (ITIDA) has awarded Fixed Misr and El-Delta Electronic Systems licenses to provide digital signature services, after receiving the highest scores in the overall evaluation of submitted offers.
KONE Corporation, a global player in the elevator and escalator industry, has won an order to deliver and install 60 custom-made elevators and escalators for the Iconic Tower building, located in Egypt’s new administrative capital.
The International Islamic Trade Finance Corporation (ITFC), launched the “SheTrades” initiative in Egypt, implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program.
Eni has signed an agreement with the Arab Republic of Egypt, the Egyptian General Petroleum Corporation (EGPC), and Lukoil for the merger of the concessions of Meleiha and Meleiha Deep, in Egypt's Western Desert.
The African Development Bank approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program.
Real estate developer SODIC partners with Orange Egypt to provide integrated smart solutions across all projects
Real estate developer SODIC has announced the signing of a partnership agreement with Orange Egypt, the provider of integrated telecommunications services in Egypt, to provide the latest integrated smart solutions across all SODIC projects.
These are the Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Rwanda, Eswatini, Zambia and Zimbabwe. This initiative is led by the African Union through the African Civil Aviation Commission (AFCAC).
Huawei Technologies, the world leader in information and communication technology solutions, is announcing its establishment of the Cairo New Campus Club (CNCC) during the New Network Solutions for Enterprise Summit that was held in Sharm El-Sheikh.
To support Egypt's goal of achieving universal health coverage by 2030, IFC launched an advisory program to help at least 100 private healthcare providers improve their patient care systems and broaden access to safe and quality healthcare in the country.
The Central Bank of Egypt and the Central Bank of the UAE enhance cooperation on banking supervision
The MoU establishes the cooperation mechanisms on licensing, the ownership structure of licensed financial institutions (LFIs), authorisation of acquisitions, examinations of LFIs, information exchange and the necessary approvals for licensing requests.
Women’s health is being transformed and further prioritized with the launch of Organon, the only global company of its size focused on women’s health.
As COVID-19 cases in Africa rise for the third week running and vaccines are increasingly scarce, 47 of Africa’s 54 countries nearly 90%, are set to miss the September target of vaccinating 10% of their people unless Africa receives 225 million more doses.
The agreement includes changes to Vodafone Egypt’s, VFE, dividend policy, whereby VFE will pay a one-time dividend of EGP10 billion to its shareholders during the 2021 calendar year, EGP 2bn of which was paid in March.
Small and medium-sized enterprises (SMEs), in Egypt will benefit from a $100 million loan by the European Bank for Reconstruction and Development (EBRD), to the National Bank of Egypt (NBE).
The International Islamic Trade Finance Corporation, a member of the Islamic Development Bank Group (IsDB) and the United Nations Industrial Development Organization (UNIDO) have held a high-level bilateral meeting to highlight two project agreements.
Envoi has been commissioned by UAE based Dana Gas PJSC, to assist in its search for a drilling partner to join them in the exploration drilling of the huge Thuraya prospect, situated some 80 km offshore from the Egyptian coast.
Intertek, a Total Quality Assurance provider to industries worldwide, announced it has awarded Egyptian Natural Gas Holding Company (EGAS) with the globally-recognized ISO 50001 certification for Energy Management Systems.
PGS and ION Geophysical Corporation announced the successful completion of a survey offshore Egypt acquired on behalf of Shell with an innovative Extended Long Offset (ELO) design in combination with ION’s Gemini source technology.
The Agri-Digital Startup Competition aims to enhance and support the digital agriculture ecosystem in Egypt to empower existing and potential entrepreneurs, particularly youth and women.
IFC, IDH partner to boost access to quality health diagnostic services in Egypt and other emerging markets
An IFC loan to Integrated Diagnostics Holding (IDH), a diagnostic service provider in the Middle East and Africa, will help expand access to high-quality health diagnostic services in Egypt.
This partnership is set to promote the country’s digital transformation and bring Egypt closer to its vision of becoming a digital economy.
Inertia, PayTabs Egypt and valU partner to provide e-payment solutions for home improvement financing
Inertia and EFG Hermes’ NBFI subsidiaries - PayTabs Egypt and valU, the buy-now pay-later platform (BNPL), have entered into an arrangement that will allow Inertia’s clients to process payments online.
The Sovereign Fund of Egypt (TSFE), and EFG Hermes, announced they have executed agreements to acquire 76% capital of Arab Investment Bank.
With this new service Etisalat subscribers can reflect their personality and emotions by playing different ring back tones for different callers.
Lummus Technology announced that its Novolen business has been selected as the PP licensor by Anchorage Investments for its Anchor Benitoite project in Suez, Egypt.
The French Paris based educational group Open Sky International has announced the opening of its first school in Cairo offering bilingual (FR/ENG) education, in addition to teaching Arabic to a high standard.
Mining company Centamin has awarded juwi and Giza Systems the engineering, procurement and construction (EPC) contracts for its 36 MW solar farm and 7.5 MW battery-energy storage system at the Sukari gold mine, Eastern Desert in Egypt.
The move is in line with the sustained exponential growth of bandwidth demand and service quality expectations faced by Telecom Egypt.
PGS announced it has 3 400 km of modern MultiClient seismic data covering all the blocks on offer in the Egypt Offshore Licensing Round.
Metito will boost its investments in Egypt through developing more sustainable projects and new technologies by securing additional liquidity and working capital.
APA Corporation reaches agreement to modernize production sharing contracts in Western Desert, Egypt
APA Corporation has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation in support of the MOP’s efforts to modernize the country’s petroleum sector.
The Central Bank of Egypt (CBE) has revealed that local currency deposits with banks working in the Egyptian market increased by EGP 104.191bn during March 2021.
Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, started development on the GASCO Dahshour gas compressor station (GCS) in Egypt.
The Klaipėda (Lithuania) liquefied natural gas (LNG) terminal, operated by KN (AB Klaipėdos Nafta) expects to receive LNG cargo from Egypt, the ‘Idku’ natural gas liquefaction plant to reach Klaipėda Seaport for the first time.
Centamin announced it has awarded the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at the Sukari Gold Mine (the Sukari solar plant) to juwi AG and Giza Systems in Egypt.
ITIDA, in cooperation with Goethe-Institut in Cairo, has already announced the program’s pilot phase, which will be implemented with the South Valley University to train 100 students from the second and third academic years.
United Oil and Gas announces ASD-1X well test update, submission of notice of commercial discovery in Egypt
United Oil & Gas provided an update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 development well.
The cooperation stems from the mutual strategic focus towards the expansion of electronic payments, as well as supporting the Egyptian government’s financial inclusion and digital transformation policies.
Through the agreement, eGate Egypt becomes with immediate effect the exclusive distributor of Lleida.net services in Egypt.
Jumia, the leading e-commerce platform in Egypt, launched a new initiative at the beginning of the Holy month of Ramadan under the theme of “Support Them … Buy Their Products.”
Egyptian economic losses arising from the pandemic have reached 370 billion Egyptian pounds ($23.6 billion).
The Alliance aims at establishing Orange Digital Centre (ODC) –a state-of-the-art training hub established for demand-driven digital education trainings in Egypt.
Banque Misr has signed an 8and a half-year Modaraba Islamic financing with Inertia Egypt to grant the company EGP 1.1 bn, which will be used to finance the fourth phase of the company’s Coast project; Jefaira.
The Creativa Innovation Hubs are based on three parallel pillars to provide technical training to young people in ICTs, foster digital innovation, encourage entrepreneurs and establish incubators for entrepreneurship.
Egypt's Information Technology Industry Development Agency (ITIDA) has signed three cooperation protocols with three civil society organizations (CSOs) specializing in the ICT.
iMile’s recent expansion into Egypt is part of its commitment to continue supporting efficient cross-border ecommerce across the region.
Abu Dhabi-based International Holding Company, IHC, is building a pioneering solar-powered irrigation system to drive increased energy-efficient agricultural production in Egypt.
Dana Gas, the Middle East’s private sector natural gas company, announced the termination of its agreement for the sale of its Egyptian assets, announced on 25th October 2020.
bp announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt.
The Triple Play services provided by Orange inside Mountain View projects will include all residential units, allowing the highest possible Internet speeds up to 200 MB.
The agreement was signed by Eng. Adel Hamed, Managing Director and Chief Executive Officer of Telecom Egypt and Eng. Basil Ramzy, Chief Executive Officer of MARAKEZ for Real Estate Investment.
The technology reinforces the bank endeavors to digitalize corporate business online operations and build lasting customer relationships to win in the Digital Economy.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
The Russian Direct Investment Fund (RDIF), Egypt's Minapharm, and its Berlin-based subsidiary, ProBioGen AG, have agreed to produce over 40 million doses per year of the world's first registered vaccine against COVID-19, Sputnik V.
EyeLock's recently introduced, Portable Template solution was selected due to its ability to provide a highly secure and accurate iris biometric solution and protect the user's personally identifiable information.
Egypt and South Sudan signed have signed a memorandum of understanding to build an integrated farming of crop, livestock and fish.
The Central Bank of Egypt (CBE) has announced signing a cooperation agreement with the National Telecommunication Regularity Authority (NTRA) to help pensioners obtain their financial dues and proceed ahead with any banking transaction swiftly and easily.
Esri , the global leader in location intelligence, announced the Egyptian partner Quality Standards for Information Technology (QSIT), has successfully implemented the Crop Mapping and Field Boundary Detection solution.
To meet challenges such as crop disease, weed management, pest control, and irrigation, Agricultural Engineering Research Institute (AEnRI) sought to increase agricultural output in different regions all over Egypt.
Marine engineering consultancy LOC, part of AqualisBraemar LOC Group, has been awarded a two-year contract to provide marine warranty services to support Petrobel’s offshore assets.
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has announced that it will be waiving all fees for new businesses wishing to benefit from its services in Egypt.
The agreement aims to empower the educational sector and prepare it for the post-Covid era, especially after the increased confidence in distance learning and the need for an integrated and safe platform for smart education.
The agreement aims to expand the company's business in Egypt, contributing to the creation of 4,800 new jobs of highly qualified specialists to provide outsourcing services to the company's customers worldwide.
The IIC aims at raising awareness of the Fourth Industrial Revolution technologies and practical applications in smart factories.
Alstom announced it successfully installed and commissioned its SIL 4 signaling Electronic Interlocking SYSTEM, including a support system and SCADA that supervises and controls different subsystems.
Al Tamimi & Company will provide critical guidance to companies navigating complex cross-border transactions in the maritime, shipping and customs sectors.
The partnership will allow LuLushoppers to benefit from valU’s affordable and convenient financing plans, powered by PayTabs Egypt’s payment gateway.
Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
They discussed areas for cooperation, establishing partnerships between the two countries in digital technologies, and growing the IT market in Egypt and Denmark.
The new products comply with the company’s green criteria, including lower CO2 footprint and recycled content.
The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
United Oil and Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced discovery at ASD-1X exploration well in the Abu Sennan concession, onshore Egypt.
Network International, an enabler of digital commerce across the Middle East and Africa (MEA), has appointed Egyptian national Hany Fekry as the Regional President for Northern and sub-Saharan Africa.
While most smartphone markets across the Middle East and Africa suffered declines in 2020, Egypt recorded healthy year-on-year (YoY) growth according to the latest figures announced by International Data Corporation, IDC.
Riverbed® has announced that Elaraby Group, an Egyptian manufacturer and retailer of home electronics, has maximized the value of its Microsoft Office 365 investment by deploying Riverbed® SaaS Accelerator.
The project will improve supply and enhance reliability of power across Sudan. Today, only around 60 percent of the population in Sudan has access to electricity.
[Egypt] Vodafone Intelligent Solutions launches Digital Society Hackathon targeting professionals in data coding
With its theme of “A Code to Move the World”, the hackathon aims to provide an opportunity for talented young people to develop their skills, share ideas and get inspired by a team of exceptional experts, mentors and speakers.
Pharos Energy receives provisional approval for amendment of fiscal terms of El Fayum Concession in Egypt
Pharos Energy has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, now subject to the approval of the Egyptian Government.
PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt. The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread.
Kemin Industries is growing its presence in the global vaccine market by becoming majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt.
UAE-based TIME Hotels will be opening its first two hotels in Egypt later this year – the five-star TIME Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star TIME Marina Hotel & Conference Centre.
Shelf Drilling announced it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez offshore Egypt.
Brightskies and Alexandria University secure EGP 5million fund to develop electrical powertrain system in Egypt
The funding underscores Egypt’s plans of using the largest possible percentage of local components in the automotive sector as well as focusing on reducing CO2 emissions and having more sustainable and green public transportation means, which will positively impact the overall environment and air quality.
Newly launched "click and collect" service reinvents shopping experiences in Egypt to offer customers more convenience and choice.